March 28, 2024

Audit issued for Lambs Grove

Auditor of State Mary Mosiman released a report on the Status of Findings and Recommendations from the City of Lambs Grove Periodic Examination Report dated Sept. 4, 2014. The engagement was performed pursuant to Chapter 11.6 of the Code of Iowa and covered the period June 1, 2015 through Feb. 29.

The city council has a fiduciary responsibility to provide oversight of the city’s operations and financial transactions. Oversight is typically defined as the “watchful and responsible care” a governing body exercises in its fiduciary capacity.

The findings included in this report are indications the city council has exercised fiduciary oversight and has taken action to implement many of the recommendations. Eight of 12 findings reported in the periodic examination agreed-upon procedures report dated Sept. 4, 2014 have been corrected. The city council has not yet taken action to implement the remaining four findings.

A copy of the Report on the Status of Findings and Recommendations from the City of Lambs Grove Periodic Examination dated Sept. 4, 2014 is available for review in the city clerk’s office, in the Office of Auditor of State and on the Auditor of State’s website at auditor.iowa.gov/reports/1422-0465-EPFP.